Elected to the Board of Directors were John Whitmire, Chairman, and J. Brett Harvey, president and chief executive officer.

Also elected were James E. Altmeyer, Sr., a Wheeling, West Virginia-based business executive; Philip W. Baxter, a commercial real estate executive and former energy industry executive; William E. Davis, a power industry executive; Raj K. Gupta, a Houston, Texas-based business executive; Patricia A. Hammick, an independent consultant and former energy industry executive; William P. Powell, an investment banker; and Joseph T. Williams, a former oil and gas industry executive.

Consol also announced it had retained Citigroup Global Markets Inc. and PNC Capital Markets Inc. as Joint Lead Arrangers for a $US600 million syndicated secured credit facility to replace the company's existing $US267 million revolving credit facility that expires in September 2005. The new facility is expected to consist of a five- year revolving credit facility and a six-year Term Loan "B".

Borrowings under the new facility will be used to replace the current revolving credit facility, retire maturing long-term debt, provide for letters-of-credit, and for general corporate purposes. The new facility is expected to be completed during the latter half of the quarter ending June 30, 2004.